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The planned stock market listing of low-cost airline Blue Air could be postponed by one year, considering a reduced passenger traffic, against the backdrop of new travel bans imposed in European countries, Ziarul Financiar reported Tuesday.
Romania’s largest automaker, Automobile Dacia, has extended its lease of the 69,000 square meters warehouse in Pitesti Industrial Park by ten more years.
Private equity firm Morphosis Capital hopes to close two or three new deals in 2021, having allocated the same budget as last year, EUR10 million to EUR20 million.
UiPath, a start-up founded in Romania, that is currently one of the global leaders of the robotics software industry, announced on Monday that it closed a new Series F funding, worth $750 million, that hikes its post-money valuation to $35 billion.
The delivery market in Romania will continue its upward trend and overshoot the EUR1 billion mark in 2021 after having gone up four or five times in value last year. The growth speed will be slower, only 40% to 50% this year.
New vehicle registrations in Romania, including passenger cars and commercial vehicles, stood at 7,625 units in January, down 46.8% compared with January 2020, the Automotive Manufacturers and Importers Association (APIA) said Monday.
Shareholders of state-owned hydropower producer Hidroelectrica on Monday approved the company's acquisition of Crucea Wind Farm SA and STEAG Energie Romania SRL from German energy group STEAG.
Romanian chemical fertilizer producer Azomures, owned by Ameropa, has started an energy efficiency investment supported by a EUR601,000 grant from Iceland, Liechtenstein and Norway, through EEA GRANT Norway 2014-2021, within the Innovation Norway program.
Serban Roman, vice-president of Enterprise Investors and country director for Romania, is leaving the investment fund after 13 years.
Romania's finance ministry on Monday raised 1.022 billion lei (EUR209.7 million) selling bonds maturing in November 2024 at an average yield of 2.06%, central bank data showed.
To celebrate 20 years since the start of operations on the Romanian agricultural market, Agricover Group, one of the leading players in the local agribusiness sector, has carried out the first bond issue worth EUR40 million, which will be listed on the regulated market of the Bucharest Stock Exchange, in the upcoming period.
Romania's nuclear power producer Nuclearelectrica (SNN.RO) on Monday announced it reconnected the first unit of the power plant in Cernavoda to the national power grid.
Romania is present in 2021 edition of the global ranking of 500 most valuable banking brands, compiled by Brand Finance, with two financial institutions, namely, Banca Transilvania, which climbed to the 302nd spot, and BRD, which dropped to the 470th spot.
Romania's foreign exchange reserves grew to EUR37.454 billion at the end of January from EUR37.379 billion at the end of 2020, central bank data showed Monday.
Elefant.ro, one of the largest online stores on the local market, operated by Elefant Online, had a turnover of RON235 million (EUR48.2 million) in 2020, up 35% on the year.
French-held retailer Auchan and Costa Coffee, the coffee brand brought to Romania by Coca-Cola HBC Romania, in the summer of 2020, have started a partnership whereby Costa Coffee spaces will be launched across all MyAuchan stores in Petrom filling stations.
Companies in Romania may access financing in the field of leasing to continue and develop their activity, following a contract signed by the European Investment Bank (EIB) Group and Deutsche Leasing Romania, for a total financing of EUR370 million, intended for the economic sectors affected by the COVID-19 pandemic, especially the agriculture.
The roofing market will grow this year, actors in the industry say. The growth may be slower than last year, but even so, the market will grow. Demand for more expensive premium products will increase, they add, and new build and renovation will account for similar shares in the total.
The property management division of real estate consulting firm Colliers International manages a total portfolio of over half a million square meters of office and industrial space, of which 345,000 sqm in capital Bucharest, per data from Colliers representatives.
Romania's seasonally adjusted unemployment rate fell to 4.9% in December 2020, lower by 0.2 percentage points than 5.1% in November 2020, data from the country's statistics board showed Monday.19438 items